The 71 rating means the Internet search giant has outperformed 71% of all stocks in the past year.
Additionally, Google’s parent held up relatively well during the early stage of the pandemic. It reported 13% sales growth on a year-over-year basis, to $41.2 billion. However, earnings were flat in that March 31-ended quarter.
Improved Results Ahead?
In the most recent period, the company took a hit as sales fell 2% and EPS plunged 27%. Meanwhile, its rising RS rating could indicate improvement when it reports its next quarterly numbers late on Oct. 29.
The company holds the No. 12 rank among its peers in the Internet-Content industry group. Douyu International (DOYU), Facebook (FB) and Autohome (ATHM) are among the top 5 highly rated stocks in the group.
Alphabet shares were down 1.8% at 1,539.20 in Monday afternoon trading. China’s Doyu and Autohome rose while Facebook, like Alphabet, trended down.
Stocks often have an RS Rating north of 80 as they launch their largest climbs. See if Alphabet can continue to rebound and hit that benchmark.
Alphabet is building a consolidation with a 1,733.28 entry. See if the stock can break out in volume at least 40% higher than normal.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.
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